You can’t become a successful trader if you don’t think like one.
Part of learning to become an accomplished trader involves cultivating the identity of a successful trader. This article outlines a strategy and a number of philosophies to aid this process.
If any part of you is incongruent with the thought of becoming a successful trader it is unlikely that you will reach this goal.
You significantly increase your chances of self-sabotaging your performance in the financial markets if you cannot imagine and identify with the life and practices of a successful trader.
If you are going to become a successful trader you need to feel like one.
This section will assist you to cultivate the identity of successful trader, and feel congruent with the changes that will take place once you start experiencing success in the stock markets.
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Are you ready to move from A to B?
Achieving your goal is no more than moving from one state to another.
Making your goal a reality involves working out the difference between your current state and your desired state and bridging the gap between the two.
Most schools of thought attack such tasks by looking at the sequence of actions that need to be completed in order to achieve the goal.
As well as looking at the problem linearly you should also consider the internal shift in your identity that will need to take place if you are going to make your trading goals a reality.
Therefore it is not just a question of working out what you need to do in order to reach your goal but also about optimising the way in which you think about yourself.
It is a bit like planning a road trip. You cannot just preoccupy yourself with just the directions of your trip, but you also need to consider whether you also have the tools in order to get there.
In this context the tools are YOU. If you are not the person you need to be in order to obtain your goal then I am afraid you will end up not achieving it.
Internally identifying with the goal of becoming a great trader is the way you make sure that you have all the internal resources required to complete your journey.